NetLink Trust (NLT)

The implied FY2023 dividend yield of around 5.8% is in line with UOB Kay Hian Research’s expectations.

Morgan Stanley are forecasting a 14% total return potential for Singapore equities over the next 12 months.

SINGAPORE (June 30): RHB Research is keeping its “neutral” rating on Singtel with an unchanged target price of $3.90 despite an expected boost from the potential listing of Netlink NBN Trust (NLT).

SINGAPORE (March 31): OCBC Investment Research is reiterating its “buy” recommendation on Singtel at a fair value of $4.25 given its long-term growth prospects as well as resilient earnings on the back of its diversified portfolio of businesses. 

SINGAPORE (June 21): CIMB is keeping Singapore Telecommunications (SingTel) at “add” with an unchanged target price of $4.50, despite only expecting the telco to see growth in FY18-19.